MUMBAI, INDIA | AUGUST 23, 2026 —

Dividend Stocks This Week will be firmly on investors’ radar as nearly 67 listed companies move through dividend, bonus-share, stock-split, rights-issue or related corporate-action dates between Monday, August 24 and Friday, August 28.

The week features several widely tracked names, including NBCC (India), Multi Commodity Exchange of India, Paras Defence and Space Technologies, National Aluminium Company, Senco Gold, Power Finance Corporation, TD Power Systems, Deepak Fertilisers, DOMS Industries and Procter & Gamble Health.

Friday, August 28 is expected to be particularly busy, with dozens of companies moving ex-dividend or through other corporate actions.

Investors should pay close attention to the distinction between an ex-date and a record date. Under India’s current settlement framework, buying shares on the ex-date itself generally does not make a new buyer eligible for that corporate action.

Dividend, Bonus and Stock Split Calendar: Biggest Names This Week

Corporate-action dates remain subject to exchange/company updates, so investors should confirm the latest filing before trading.

August 24: NALCO, Senco Gold and TD Power Systems in Focus

Monday begins with several important actions.

NALCO is set to trade ex-dividend for a ₹1 per share final dividend.

Senco Gold also has a ₹1 per share dividend linked to the August 24 date.

Other dividend names include:

• Gillette India — ₹60 per share
• International Gemological Institute — ₹2.55 per share
• Naturewings Holidays — ₹1.60 per share
• India Pesticides — ₹0.75 per share
• Pudumjee Paper Products — ₹0.60 per share
• GK Energy — ₹0.50 per share
• SJVN — ₹0.35 per share
• AMJ Land Holdings — ₹0.20 per share

The standout cash dividend is Gillette India’s ₹60 per share.

TD Power Systems Stock Split

TD Power Systems is one of the biggest non-dividend corporate-action stories Monday.

The company has announced a 1:2 stock split.

That means one existing equity share with a face value of ₹2 will be subdivided into two shares with a face value of ₹1 each.

The split does not automatically create additional economic value for the shareholder.

For example, if one ₹800 share becomes two shares, the theoretical adjusted price would be around ₹400 each, ignoring market movement.

The purpose of a split is generally to lower the price per share and potentially improve liquidity.

Because August 24 is the relevant ex/record date, investors buying only on Monday would generally be too late for eligibility under the settlement cycle.

Bonus Shares Also on Monday

Mayank Cattle Food has a 1:1 bonus issue linked to August 24.

A 1:1 bonus means an eligible shareholder receives one additional share for every one share already held.

Again, bonus shares do not instantly double an investor’s wealth because the stock price normally adjusts proportionately.

August 25: Deepak Fertilisers Among Key Dividend Stocks

Tuesday brings another active corporate-action session.

Deepak Fertilisers and Petrochemicals is among the most closely watched names with a ₹10 per share final dividend.

Other dividend actions include:

• Shivalik Bimetal Controls — ₹2
• NR Agarwal Industries — ₹2
• Premco Global — ₹2
• Diffusion Engineers — ₹1.50
• Aditya Vision — ₹1.25
• MAS Financial Services — ₹0.75
• Mobavenue AI Tech — ₹0.50

Several rights-related actions are also scheduled around this period.

These include Ducon Infratechnologies and Esaar India.

Rights issues differ from bonuses because eligible shareholders are offered the opportunity to buy additional shares, usually according to a specified ratio and price.

What Is a Rights Issue?

Suppose a company announces a 1:5 rights issue.

An eligible investor may get the right to buy one new share for every five existing shares held.

Unlike bonus shares, rights shares normally require the shareholder to pay for the new shares.

Investors should examine the rights price, company fundamentals and terms before participating.

August 26: Lighter Corporate-Action Calendar

Wednesday is considerably quieter than the other sessions.

One of the key actions around the midweek period involves Waterways Leisure Tourism, associated with a stock split.

The lighter calendar could make Thursday and Friday’s much heavier list even more important for investors tracking event-driven stocks.

August 27: PFC Dividend Takes Center Stage

Thursday brings one of the most widely tracked PSU dividend events.

Power Finance Corporation has declared an interim dividend of ₹3.90 per equity share for FY2026–27.

August 27 has been fixed as the record date.

The company has said the dividend is scheduled to be paid on or before September 6, 2026.

For investors who want eligibility for the dividend, buying on the August 27 ex-date itself would generally not qualify a new purchaser.

P&G Health Announces ₹45 Dividend

Procter & Gamble Health has one of the highest per-share dividend amounts among Thursday’s names at ₹45 per share.

Other stocks include:

• Power Finance Corporation — ₹3.90
• DOMS Industries — ₹3.65
• Yash Highvoltage — ₹1.40
• Thomas Cook India — ₹0.50
• Manaksia Coated Metals & Industries — ₹0.05

Why PFC Could Draw Extra Investor Attention

PFC is already a widely followed PSU finance stock.

The ₹3.90 interim dividend comes after several dividend payouts across recent periods, making shareholder distributions an important part of the stock’s investor narrative.

However, investors should not buy a stock solely because a dividend is approaching.

The share price normally adjusts for the dividend on the ex-date, and future returns depend on earnings, valuation, interest rates and business performance.

August 28: MCX, NBCC and Paras Defence Lead a Packed Friday

Friday is the biggest corporate-action day of the week.

More than two dozen actively tracked shares have dividend or stock-split events.

Among the headline names:

MCX Dividend

Multi Commodity Exchange of India is scheduled to trade ex-dividend for a ₹8 per share final dividend.

The exchange operator’s August 28 ex-dividend date follows the dividend recommendation announced earlier in the year.

NBCC Dividend

NBCC has fixed August 28 as the relevant date for its ₹0.46 per share final dividend for FY2025–26.

The dividend remains subject to shareholder approval at the company’s annual general meeting.

NBCC’s corporate documents state that eligible shareholders as of the record date will receive the payout following approval.

Paras Defence Dividend

Paras Defence and Space Technologies has fixed August 28 as the record date for a ₹1 per equity share final dividend.

The dividend is subject to shareholder approval at the company’s AGM.

Given continuing investor interest in India’s defense and space manufacturing theme, Paras Defence could be one of Friday’s more closely watched names.

Major August 28 Dividend Stocks

Other notable dividend actions include:

• Protean eGov Technologies — ₹10
• Whirlpool of India — ₹5
• Vardhman Textiles — ₹5
• Dynamatic Technologies — ₹5
• Poly Medicure — ₹3.50
• Emami Paper Mills — ₹3.20
• Honasa Consumer — ₹3
• Studds Accessories — ₹3
• Sterling Tools — ₹2.75
• Royal Orchid Hotels — ₹2.50
• Salzer Electronics — ₹2.50
• Arvind SmartSpaces — ₹2.25
• Credo Brands Marketing — ₹2
• Allied Digital Services — ₹1.50
• Gulshan Polyols — ₹1.50
• Yuken India — ₹1.50
• Paras Defence — ₹1
• DAM Capital Advisors — ₹1
• Cantabil Retail India — ₹0.75
• Haldyn Glass — ₹0.70
• Supershakti Metaliks — ₹0.50
• NBCC — ₹0.46
• Gujarat Ambuja Exports — ₹0.30
• Coral India Finance & Housing — ₹0.20
• Swan Corp — ₹0.15
• Gufic Biosciences — ₹0.10

Current corporate-action calendars show Friday as the heaviest session of the week.

Stock Splits on August 28

Corporate actions are not limited to dividends.

Rotographics India and Spice Islands Industries are among companies scheduled for stock splits on August 28.

Current corporate-action data indicates the face value will move from ₹10 to ₹2, effectively creating five shares for each existing share, subject to the applicable structure.

A stock split increases the number of outstanding shares while proportionately reducing the per-share price.

It does not automatically increase the total market value of an investor’s holdings.

Dividend Record Date vs Ex-Dividend Date: What Investors Must Know

This is one of the most important parts of the story.

The record date is the date on which a company checks its shareholder records to determine who is eligible for a dividend, bonus, split or other corporate action.

The ex-date is when the stock begins trading without entitlement to that benefit for new buyers.

With India’s settlement system, the ex-date and record date are often the same.

Therefore:

If a stock goes ex-dividend on Monday, buying it Monday is generally too late to receive that dividend.

The investor normally needed to own or purchase it sufficiently before the ex-date for settlement to complete.

Will the Share Price Fall After a Dividend?

Often, the stock price theoretically adjusts by roughly the dividend amount on the ex-dividend date.

Suppose a stock closes at ₹500 and pays a ₹10 dividend.

All else being equal, the theoretical ex-dividend price could be around ₹490.

Actual trading may differ because the market is simultaneously reacting to:

• Earnings
• News
• Broader market direction
• Investor demand
• Sector moves
• Global cues

A dividend is therefore not “free money.”

Does a Bigger Dividend Mean a Better Stock?

No.

A ₹50 dividend does not automatically make a company better than one paying ₹2.

The investor should consider dividend yield, earnings sustainability, cash flow, valuation, debt and future business prospects.

A high dividend can sometimes reflect strong cash generation.

In other cases, an unusually high yield may exist because the stock price has fallen significantly.

Bonus Shares: What Changes?

A bonus issue increases the number of shares held by existing investors without requiring them to pay additional money.

For example:

Before 1:1 bonus: 100 shares × ₹200 = ₹20,000 theoretical value.

After adjustment: 200 shares × roughly ₹100 = ₹20,000 theoretical value.

The real benefit depends on how the company and share price perform afterward.

Stock Split vs Bonus Issue

Although both increase the number of shares, they work differently.

Understanding this distinction can prevent investors from interpreting corporate-action headlines incorrectly.

Why These Stocks Could See Higher Volumes

Ex-dates often create additional investor attention.

Some traders may position ahead of the corporate action.

Others may sell after becoming eligible.

Algorithmic and institutional portfolios also adjust for dividend and split factors.

That can increase volumes even when the underlying business outlook has not materially changed.

But corporate-action activity alone should never be interpreted as a buy signal.

Also Read: Monday’s Sensex-Nifty Setup

The wider market environment could matter just as much as corporate actions.

Indian equities are entering Monday with crude oil near $94, a weak rupee and mixed foreign-institutional flows.

Also Read: Stock Market Today: Sensex, Nifty Struggle as Crude Nears $94; Welspun Corp Jumps Nearly 12%

Investors tracking dividend stocks should therefore watch overall market sentiment as well as company-specific ex-dates.

Oil and the Rupee Could Still Move Dividend Stocks

A corporate action does not isolate a share from macroeconomic conditions.

India remains sensitive to elevated crude oil prices, while currency weakness can influence imported costs, inflation expectations and foreign portfolio flows.

Also Read: Indian Rupee Could Slide Toward 99 per Dollar by 2028—Could an Oil Shock Push It to 101?

Investors should therefore avoid looking at record dates in isolation.

Why August 28 Could Be the Day to Watch

Friday stands out because so many widely followed companies have events on the same date.

The combination of MCX, NBCC, Paras Defence, Protean eGov, Whirlpool, Poly Medicure, Honasa Consumer and several other companies could generate unusually strong search and trading interest.

For many investors, Thursday, August 27 will effectively become the final key session to examine eligibility for Friday’s ex-date actions.

That does not mean investors should rush to buy simply to receive a dividend.

Any potential benefit needs to be considered alongside the expected price adjustment and investment fundamentals.

Dividend Stocks This Week: Key Dates

Monday, August 24

NALCO, Senco Gold, Gillette India, TD Power Systems and other corporate actions.

Tuesday, August 25

Deepak Fertilisers, Shivalik Bimetal, Aditya Vision, MAS Financial and others.

Wednesday, August 26

Relatively light corporate-action calendar.

Thursday, August 27

Power Finance Corporation, P&G Health, DOMS Industries, Thomas Cook and others.

Friday, August 28

MCX, NBCC, Paras Defence, Protean eGov, Whirlpool, Poly Medicure, Honasa Consumer and many more.

What Investors Should Check Before Trading

Before buying a stock because of an upcoming dividend, bonus or split, check:

• Exact ex-date
• Record date
• Dividend amount
• Dividend yield
• Whether dividend requires AGM approval
• Stock valuation
• Recent earnings
• Debt position
• Expected price adjustment
• Tax implications
• Overall market conditions

The company’s exchange filing should always take priority over social-media posts or screenshots.

The Bottom Line

Dividend Stocks This Week will give Indian market participants an unusually busy corporate-action calendar from August 24 through August 28.

NALCO and Senco Gold begin the week with ₹1-per-share dividend events.

TD Power Systems has a notable stock split.

Power Finance Corporation’s ₹3.90 interim dividend becomes a major Thursday event.

And Friday brings the biggest cluster, led by MCX’s ₹8 dividend, NBCC’s ₹0.46 final dividend and Paras Defence’s ₹1 final dividend.

The large number of actions may create higher trading interest, but dividends, bonus shares and stock splits should not be mistaken for guaranteed returns.

Corporate actions change how cash or shares are distributed.

They do not replace the importance of earnings, valuation, business quality and risk.

Investment Disclaimer: This article is for informational and educational purposes only. It does not constitute investment, trading or financial advice. Investors should verify corporate-action details through official exchange/company filings and consult a qualified adviser when appropriate.